Trading Edges That Last
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Lawrence's Comment Recap Surprise upside breakout gave us Y+3 target. It was reached mid week and as more shorts are trapped, an all out squeeze sent NQ up to Y+5. Closed the ...READ MORELawrence's Comment Recap As expected the test of Y+1 has failed. Minimal target at Y-0 was tagged. But the pullback was very slow. Closed the week above Y-0 and below midpoint. Outlook Similar to ...READ MORELawrence's Comment Recap Measured up move early in the week has many fooled as if a bottom is in place. The end of the measured up resulted in a quick drop ...READ MORELawrence's Comment Recap Consolidation week around Y+1. 50% previous week range. Closed the week near week low and below Y+1. Outlook Consolidation ended in a weak tone points to potential flush down to B-2 ...READ MORENasdaq 100 Jul 20 to Jul 24 OutlookNasdaq 100 Jul 19 to Jul 23 OutlookUSDJPY Apr 28 to May 02 OutlookEURUSD Jun 27 to Jul 01 Outlook3DP Odds Table (GBPUSD) 2019-01-08Intraday Cycle Projection (GBPUSD) 2019-05-02Hot n Cold (GBPUSD) 2012-3-6USDCAD Nov 04 to Nov 08 OutlookIntraday Cycle Projection (GBPUSD) 2022-04-04Nasdaq 100 May 01 to May 05 Outlook
As Featured In
GBPUSD Feb 14 to Feb 18 Outlook
Lawrence’s Comment
As predicted last week, the pair failed to take out the resistance zone and is forced to go lower. The whole week is just 50% of the range established from the week before last week. That is usually what happen when the pair itself has strong upside bias but one side of the pair (in this case USD) is showing signs of major reversal across the board.
Outlook
If B-0 is taken out swiftly and turns into support (i.e. 1-2-3 buy off B-0 on hourly is one of the best scenarios), B+1 and then B+2 are in play.
If B-1 is taken out and turns into resistance, B-3 is the 1st target.
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